MIRA INFORM REPORT
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Report Date : |
31.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MACK PRODUCTS USA INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.09.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Miscellaneous Nondurable Goods Merchant Wholesalers |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 75,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
Mack Products |
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Address in the order: |
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Comments on data supplied: |
Please note that the correct company`s name is MACK PRODUCTS USA INC. The address provided is incorrect. The correct headquarters address is listed below. |
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Legal Name: |
Mack Products USA Inc |
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Legal Address |
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Operative Address |
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Telephone: |
(631) 748-9750 |
ID : |
3099726 |
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Fax: |
(631) 649-4170 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1982 |
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Manager: |
Cappy Sawhney, Office Manager |
Date Incorporated: |
SEP 09, 2004 |
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Staff: |
5 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Miscellaneous Nondurable Goods Merchant Wholesalers (Imports and
exports). |
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BUSINESS
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HISTORY |
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The company was created in 1982. |
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PRINCIPAL ACTIVITY |
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The company supplies a range of spring assemblies to vehicle and
trailer manufacturers and resellers through an international network of
automotive parts distributors. Raw material availability, stock levels are constantly monitored to
ensure quality. |
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Products/Services description: |
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Quality Springs for: Trucks Semi Trailors Boat Trailors Mobile Houses Caravans 4WD Vehicles, off Road Trucks, Utility Vehicles Agricultural Trailors |
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Sales are: |
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Wholesale |
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Operations area: |
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International |
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The subject employs 5 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered in: |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held. Mr. Simran Sawhney appears to be the major shareholder. However, this
information was not verified by the company. |
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Management: |
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Cappy Sawhney, Office Manager |
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Related Companies: |
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"Bhasin Group" is the mother company. TINSLEY BRIDGE ABBROS SPRINGS (P). Ltd. ( BHASIN SPRINGS IND. PVT. LTD. ( MACK SPRINGS PVT. LTD. ( |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the telephone numbers stated in the company`s
website. Both numbers were invalid. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
5,000,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There
are no UCC files listed with the Secretary of State of New York. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: The Uniform Commercial Code (UCC) is one of
a number of uniform acts that have been promulgated in conjunction with
efforts to harmonize the law of sales and other commercial transactions in
all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This is a small sized American company. It
employs 5 people and has been in business for 28 years. We have contacted the telephone numbers
stated in the company`s website. Both numbers were invalid and we could not
reach the company. A credit line may be considered USD 75,000
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.77 |
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1 |
Rs.71.69 |
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Euro |
1 |
Rs.63.02 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.